Fuller & Thaler Asset Management Inc. boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,586 shares of the company's stock after acquiring an additional 2,397 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.19% of Coca-Cola Consolidated worth $22,391,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in COKE. GAMMA Investing LLC lifted its position in Coca-Cola Consolidated by 175,140.4% during the 1st quarter. GAMMA Investing LLC now owns 182,250 shares of the company's stock worth $246,038,000 after acquiring an additional 182,146 shares during the period. Boston Partners lifted its position in Coca-Cola Consolidated by 676.9% during the 1st quarter. Boston Partners now owns 200,518 shares of the company's stock worth $270,711,000 after acquiring an additional 174,709 shares during the period. Estuary Capital Management LP acquired a new stake in Coca-Cola Consolidated during the 4th quarter worth approximately $42,845,000. Lord Abbett & CO. LLC acquired a new stake in Coca-Cola Consolidated during the 1st quarter worth approximately $21,557,000. Finally, Nuveen LLC acquired a new stake in Coca-Cola Consolidated during the 1st quarter worth approximately $19,346,000. 48.24% of the stock is owned by institutional investors and hedge funds.
Coca-Cola Consolidated Trading Up 0.9%
Shares of NASDAQ:COKE traded up $1.02 during midday trading on Friday, reaching $119.23. The company's stock had a trading volume of 437,242 shares, compared to its average volume of 493,164. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 17.79 and a beta of 0.81. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $146.09. The business has a 50 day moving average price of $113.30 and a 200 day moving average price of $130.38.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.24 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The business had revenue of $1.86 billion during the quarter.
Coca-Cola Consolidated Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 25th. Coca-Cola Consolidated's payout ratio is 14.93%.
Analyst Ratings Changes
Separately, Wall Street Zen raised Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.
View Our Latest Research Report on COKE
Coca-Cola Consolidated Company Profile
(
Free Report)
Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.
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